President Bola Tinubu on Tuesday said the economic reforms introduced by his administration have placed Nigeria on the path to achieving a $1tn economy by 2030, despite the hardship and challenges confronting Nigerians.
Represented by the National Chairman of the All Progressives Congress, Prof. Nentawe Yilwatda, at the second edition of the Asiwaju Scorecard Series and Policy Roundtable in Abuja, Tinubu said the reforms had strengthened the foundation for economic stability, growth and prosperity.
Tinubu commenced major economic reforms on May 29, 2023, at his inauguration, measures that were met with mixed reactions from Nigerians due to their varying impact on citizens’ livelihoods.
However, more than three years into the administration, the Presidency has maintained that the reforms are in the best interest of the country and are delivering the desired results.
Tinubu said the removal of fuel subsidy and reforms in the foreign exchange market, alongside increased revenue mobilisation and investments in critical infrastructure, were necessary to move the country away from years of economic uncertainty and towards sustainable growth.
